Tsang Yow Industrial Co.,Ltd. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 11, 2020 at 11:00 pm IST
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Tsang Yow Industrial Co.,Ltd. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was TWD 339.393 million compared to TWD 499.993 million a year ago. Operating loss was TWD 17.166 million compared to operating Income of TWD 10.551 million a year ago. Net income was TWD 2.639 million compared to TWD 21.291 million a year ago. Basic earnings per share was TWD 0.03 compared to TWD 0.21 a year ago. For the half year, sales was TWD 740.406 million compared to TWD 955.432 million a year ago. Operating loss was TWD 43.292 million compared to operating Income of TWD 22.440 million a year ago. Net loss was TWD 17.606 million compared to net income of TWD 42.023 million a year ago. Basic loss per share was TWD 0.17 compared to basic earnings per share of TWD 0.41 a year ago.
TSANG YOW INDUSTRIAL CO.,LTD. is a Taiwan-based company principally engaged in the manufacture, wholesale and retail of automotive parts and components. The Company's main products include automotive automatic transmission components, heavy truck clutch components, industrial machinery components and others. The Company distributes its products in domestic market and to overseas markets, such as the Americas, the rest areas of Asia and Europe.